On 21 April 2017 rating agency Standard & Poor's announced a decision about keeping Poland's credit rating unchanged at the level of BBB+/A-2 for long and short term liabilities respectively in foreign currency and A-/A-2 for long and short term liabilities respectively in local currency. Rating's outlook remained at a stable level.
S&P rating agency in its press release justifying the decision indicates economic growth momentum, profitable and well capitalised banking sector and credible monetary policy. Agency presented forecasts of macroeconomic indicators in the coming years. It estimates real GDP growth at 3.3% in 2017. In turn, budget deficit will not breach 3% limit over the projection horizon.
According to the agency, Poland's rating could be raised as a result of sustained reduction in net external debt and faster falls in budget deficit or reduction in government net debt. On the other hand, rating could be lowered in case of deterioration of public finances or weakened independence of the National Bank of Poland.